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will iran's own economy bring down the ruling rage game? joining me fox news national security analyst, kt mcfarland. thanks so much for joining us. i was shocked to see inflation, suddenly take hold in iran. we're looking at milk, the price of milk going up 9% in one day. rial has lost 70% of the its value. why is this happening all of a sudden? is it just the sanctions? >> i think it is accumulation of things. more importantly why are people taking to the streets? >> yeah. >> what is going on? iranian government new sanctions were coming. we announced it six months in advance. they started stockpiling. families started stockpiling. they started hoarding dollars. that's why you didn't see it earlier. why is it breaking out? because iranian people that is where the arab spring started in 2009. the administration did not, the obama administration didn't encourage it. in fact just the opposite. then the arab spring restarted two years later in tunisia, morocco and egypt, et cetera, et cetera. melissa: yeah. we're reading about people, you kno
will iran's own economy bring down the ruling rage game? joining me fox news national security analyst, kt mcfarland. thanks so much for joining us. i was shocked to see inflation, suddenly take hold in iran. we're looking at milk, the price of milk going up 9% in one day. rial has lost 70% of the its value. why is this happening all of a sudden? is it just the sanctions? >> i think it is accumulation of things. more importantly why are people taking to the streets? >> yeah....
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the economy takes center stage. we'll find out what president obama and mitt romney have to say to win voters. >>> bald may or may not be beautiful. it is in the eyes of the beholder but is it all powerful? will it could give some men a big advantage in business. even when they say it's not, it is always about money. melissa: let's take a look at the day's market headlines. a choppy day for stocks. better than expected data from adp on private sector jobs and unexpected rise in service sector activity. din actually give a boost to wall street. the dow rose 12 points. meanwhile shares of hewlett-packard plunging to a nine-year low. ceo meg whitman warned profit and revenue will fall through the coming fiscal year. whitman says, the company's ongoing turn around effort is causing the gloomy outlook. >>> shares of netflix leaping more than 8%. a top citigroup analyst gives the company a strong outlook saying it is due to improved satisfaction among netflix subscribers. finally. take a look at that stock though, on fire
the economy takes center stage. we'll find out what president obama and mitt romney have to say to win voters. >>> bald may or may not be beautiful. it is in the eyes of the beholder but is it all powerful? will it could give some men a big advantage in business. even when they say it's not, it is always about money. melissa: let's take a look at the day's market headlines. a choppy day for stocks. better than expected data from adp on private sector jobs and unexpected rise in service...
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Sep 28, 2012
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>> again there are two economies. i think 80% of households are not better off. they have made no progress. they have still got jobless worries and their incomes haven't gone up and gone down if anything. but the top 20%, 4% unemployment, the stock market going up makes them wealthier. those 20% would tell you in a poll and polls show, this 20% of the people say yeah, things are better. but only 20. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier environment? environmentalist says fracking boom is the cause of lowest carbon dioxide emissions in 20 years. he is here next to explain. fascinating stuff. >>> dire situation for many states. state workers are still making more money than people in the private sector. we have details from a revealing new report. more "money" coming up. ♪ . rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out upda
>> again there are two economies. i think 80% of households are not better off. they have made no progress. they have still got jobless worries and their incomes haven't gone up and gone down if anything. but the top 20%, 4% unemployment, the stock market going up makes them wealthier. those 20% would tell you in a poll and polls show, this 20% of the people say yeah, things are better. but only 20. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier...
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Sep 27, 2012
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people are feeling better about the economy. consumer confidence is up, and people have not been convinced that mitt romney would be any better than barack obama. cheryl: but you know what, scott? 60% of americans right now believe that we're in a recession still. i mean, maybe we're not technically in one, but americans still feel that way. explain to me the numbers behind this. >> well, 60% say we're still in a recession, that's not a great number. it was over 70% a couple of years ago, so the trend is moving a little bit better. the number of people who say the economy will be stronger in a year is 36% now, that's up a little bit from earlier in the year. so we're seeing maybe not good economic news or good economic reception, but people are starting to see a light at the end of the tunnel. and, again, it comes back to a comparison. people don't think they're better off than they were four years ago, they don't think they're worse off. only a third think things will get better if barack obama is reelected, but only 36% think
people are feeling better about the economy. consumer confidence is up, and people have not been convinced that mitt romney would be any better than barack obama. cheryl: but you know what, scott? 60% of americans right now believe that we're in a recession still. i mean, maybe we're not technically in one, but americans still feel that way. explain to me the numbers behind this. >> well, 60% say we're still in a recession, that's not a great number. it was over 70% a couple of years ago,...
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Sep 26, 2012
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someone said it was the economy, stupid. cheryl: right. if you look at most likely voters, we used to see that romney had the president. that has actually changed in the recent poll from the ap. now it is 50%. only 41% trust the president and 41% trust that romney. what happened? >> i think that the problem is that mitt romney has not taken his message deeply enough. the issue is the economy. a% unemployment. they stayed over 9%, all through 2010 and 2011. that's a long time for the american economy to have unemployment at that level. i think, and we all know that, we all know that, and i think with the american voters are asking for is someone to explain to them why have barack obama's policies contributed to that. i don't think it is sufficient for mitt romney to assert that he has handled it well. cheryl: romney came out with a housing plan, that includes a cover sheet. honestly, people are looking for more details from him. >> as an example, the recession ended in june of 2009. that is when unemployment was heading towards my .5%. it w
someone said it was the economy, stupid. cheryl: right. if you look at most likely voters, we used to see that romney had the president. that has actually changed in the recent poll from the ap. now it is 50%. only 41% trust the president and 41% trust that romney. what happened? >> i think that the problem is that mitt romney has not taken his message deeply enough. the issue is the economy. a% unemployment. they stayed over 9%, all through 2010 and 2011. that's a long time for the...
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Sep 30, 2012
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and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost
and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went...
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bigger than the economy, but how does that shrink the economy or limited growth rate? >> here's how you expand gdp. you expand gdp by an increase of population and an increase in productivity, so all those assets being used to lend money to the government, those are assets that could be invested to expand collectivity. if you don't increase productivity by raising taxes, you don't increase productivity by changing the schedule and things like that can increase productivity by capital investment and that is simply not happening. the money lent to our government is dead money and is not out investing in productive assets. stuart: are we going to recession? >> it would be hard to argue not. i was having this discussion last night, isn't it odd we see a couple diametrically opposed views of economically growth in washington right now? ben bernanke trying to create the wealth effect. everybody feels more wealthy because the asset prices are going up, that helps the economy come around. by the same token if you look to the democratic side of things, if you look at the other
bigger than the economy, but how does that shrink the economy or limited growth rate? >> here's how you expand gdp. you expand gdp by an increase of population and an increase in productivity, so all those assets being used to lend money to the government, those are assets that could be invested to expand collectivity. if you don't increase productivity by raising taxes, you don't increase productivity by changing the schedule and things like that can increase productivity by capital...
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Sep 26, 2012
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economy, the u.s. markets because of the fiscal cliff and other issues going the same way of greece and spain. do you still think that is a possibility? because it looks like the u.s. economy in small increments has been getting better. >> it is. but you've got to think about it logically, right? so the s&p 500 stocks, they're up 26% from where they were last year, right? now, here's where it gets interesting. this quarter, q3, analysts are expecting a 2.7% drop in earnings, but yet the market's march higher. i'm okay with this quarter, actually, i'm kind of okay with it. i think the economy's still a little bit in stall speed. here's why i have a problem. i have a problem in q4, analysts are expecting a jump of 9.5%, and in 2013 another jump of 13% over 2012. how are we going to get there? i don't see the catalysts, the real catalysts for this sort of growth. and here's why. margins are at an all-time high. companies can keep cutting costs, right? you can let go of employees, you can make your process
economy, the u.s. markets because of the fiscal cliff and other issues going the same way of greece and spain. do you still think that is a possibility? because it looks like the u.s. economy in small increments has been getting better. >> it is. but you've got to think about it logically, right? so the s&p 500 stocks, they're up 26% from where they were last year, right? now, here's where it gets interesting. this quarter, q3, analysts are expecting a 2.7% drop in earnings, but yet...
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on the economy. he has been off. his friend has been terrific. >> he has done what he has been trained to do. it says on page 43 of the playbook, this is what you do. he doesn't know what else to do. lou: i have not heard a very good prescription from anyone else to be honest. you have the other side. chilly not functioning. the bottom line is you are in a very, very rare time. >> i can tell you what is going to happen. i just can't tell you when. lou: all right. tell us what is going to happen. >> what is going to happen is, you and i have talked. it the market has got to stop going up. yields are going to rise because if bernanke is right and it works the economy gets better if yields rise. there will be so much money lost in the bond market that people are not going to believe what happens to it, and that is going to force them, force them to go other places. lou: as always to the thank you for being here. thank you very much. up next, the obama administration admits the september 11th attack and libya that result
on the economy. he has been off. his friend has been terrific. >> he has done what he has been trained to do. it says on page 43 of the playbook, this is what you do. he doesn't know what else to do. lou: i have not heard a very good prescription from anyone else to be honest. you have the other side. chilly not functioning. the bottom line is you are in a very, very rare time. >> i can tell you what is going to happen. i just can't tell you when. lou: all right. tell us what is...
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Sep 26, 2012
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, something that stimulates the economy, that grows the economy and creates jobs. that's the plan anyway, correct? >> part of that plan involves international treatment of money, the other part we were discussing is you have all of these tax deductions. there are thousands of other ones, you lower everyone's rate, but you get fewer tax deductions, but eventually you get a system that takes in money, that also assumes economic growth and doesn't distort the tax system so much. david: when president obama says it is going to cost the middle class, that's because when it comes time to actually adding up the numbers and seeing if we get the same amount of tax revenue or less or more, you have to make some deductions, one of which is that this will stimulate the economy and, thus, more revenue will come in. the president is not making that assumption, correct? >> there is an assumption out there made by the tax policy center that basically says the only way you're going to pay for this is by hitting the middle class, by taking their deductions away. heritage comes back,
, something that stimulates the economy, that grows the economy and creates jobs. that's the plan anyway, correct? >> part of that plan involves international treatment of money, the other part we were discussing is you have all of these tax deductions. there are thousands of other ones, you lower everyone's rate, but you get fewer tax deductions, but eventually you get a system that takes in money, that also assumes economic growth and doesn't distort the tax system so much. david: when...
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Sep 26, 2012
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economy. i think we could see pretty rapid rates of growth in next couple years if we get some of these problems solved which i think is coming. i think we'll see tax reform. i think we'll see entitlement reform in this country. you know what? give how bad this recovery has been so far, melissa, we're still five million jobs short where we were five years ago. melissa: yeah. >> you get the economy moving again that debt-to-gdp ratio falls. that is the good news of the story that is not reported. you have to grow the gdp, which is the numerous rate tore, i mean the denominator then you get the debt-to-gdp ratio fall. you need growth and spending cuts. melissa: you think the political will is out there to really riot at some point? >> i think washington, look i think the american people, the vast majority of us, are willing to make these decisions about, what are we going to do about the future of medicare and social security. the one thing we always americans have to grapple with, we don't talk
economy. i think we could see pretty rapid rates of growth in next couple years if we get some of these problems solved which i think is coming. i think we'll see tax reform. i think we'll see entitlement reform in this country. you know what? give how bad this recovery has been so far, melissa, we're still five million jobs short where we were five years ago. melissa: yeah. >> you get the economy moving again that debt-to-gdp ratio falls. that is the good news of the story that is not...
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the economy there has turned around number one. and number two, i think you've got to say that romney is not resonating with middle class voters, they don't like his business background, don't like his policies. for whatever reason they're not thrilled with obama, it would be ridiculous to say that, but i think the middle class just doesn't like mitt romney. stuart: what would you advise mitt romney to do in the debates one week from now? >> not be super, super aggressive, but being dispassionate and explain in great detail why his prescription would help the economy. i think most people don't get it yet. they don't understand the romney prescription. he has time. i want to emphasize, the race is not over yet. plenty of money, two more unemployment reports to come three presidential debates. he has time, but he has to explain clearly why his plan is better. stuart: i've got one more thing i wish you could explain for me again. again in a poll in ohio out this morning, it gives president obama a 25 point lead amongst women. can you
the economy there has turned around number one. and number two, i think you've got to say that romney is not resonating with middle class voters, they don't like his business background, don't like his policies. for whatever reason they're not thrilled with obama, it would be ridiculous to say that, but i think the middle class just doesn't like mitt romney. stuart: what would you advise mitt romney to do in the debates one week from now? >> not be super, super aggressive, but being...
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the spanish economy dropping 6.5%. cheryl: charles payne was on with us when this crashed the wires. this does not mean anything to him. they do not need new capital. shocker. ashley: it really paves the way for the government itself to ask for a full-blown bailout. they are still concerns about the conditions attached that the ecb outlined. over there books and budget which they do not like. cheryl: before you go, ashley, i have to get your pre-action. france, 75% in taxes. ashley: 75%. if you earn over $190,000, your rate will be 45%. it is purely symbolic. it is not going to generate a whole lot of money. anyone earning that kind of money is already moving their money around. it will hurt france because they will not be able to attract the top ceos or business either. cheryl: double-click a huge mistake. ashley, thank you very much. we will see you at 2:00 p.m. eastern time. dennis: in other solar company soaking up tax dollars. dan springer joins us live in portland, oregon. >> one that we try to ask the ceo yester
the spanish economy dropping 6.5%. cheryl: charles payne was on with us when this crashed the wires. this does not mean anything to him. they do not need new capital. shocker. ashley: it really paves the way for the government itself to ask for a full-blown bailout. they are still concerns about the conditions attached that the ecb outlined. over there books and budget which they do not like. cheryl: before you go, ashley, i have to get your pre-action. france, 75% in taxes. ashley: 75%. if you...
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Sep 26, 2012
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will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the
will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the
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steel is more of a reflection of the global economy, domestic economy. one thing i do like it create ad lot of support at 19. i'm worried about the catalyst. if someone is in it i think it is too late to sell but i'm still not ready to jump on that particular stock. ashley: why is it moving higher? can't figure out why any is -- >> ceo of netflix is barking. making a stand. amazon can't tough us. listen, that is what a ceo is supposed to do. facebook, speaking of ceos and what they're supposed to do, it generated now a cult of traders has facebook. under 20 you buy it. over 23 you sell it. if someone wants to play the game more power to them. as far as long-term buy and hold --. ashley: not a good thing. >> they have to see they can make money particularly with mobile. that leaves us with deckers. this is winter play. you know they make uhgs, right? they wear them in the winter time. i don't want to be there when they take them off, that is number one. this is winter stock. we haven't had a real winter. ashley: not last year. >> this is one thinking look
steel is more of a reflection of the global economy, domestic economy. one thing i do like it create ad lot of support at 19. i'm worried about the catalyst. if someone is in it i think it is too late to sell but i'm still not ready to jump on that particular stock. ashley: why is it moving higher? can't figure out why any is -- >> ceo of netflix is barking. making a stand. amazon can't tough us. listen, that is what a ceo is supposed to do. facebook, speaking of ceos and what they're...
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and arab spring started because of the economy as the whole world has s reacting to the economy. you had wall street over here and then it went from economic frustration to politics. young men throughout the middle east-- rightly so-- ask for political reform. what happened in a lot of countries as young men and women aspire to political reform, those organized like the muslim brotherhood, sort of hijacked the movement so in certain countries when they went to the poll. >> jon: now how would they feel about that term in general? >> but in a way that's democracy because you're more organized. again, i think one of the examples-- about a year ago i was talking to a top british diplomat saying she was in cairo talking to a whole group of young egyptian politicians saying this is fantastic, we're organized, there's a chance to change our country and arab spring is wonderful for us. here's all of us with 70 parties coming together and she said that's the problem. you're 70 and they're one. but that's the process of democracy. >> jon: and you feel what will happen is there will be a co
and arab spring started because of the economy as the whole world has s reacting to the economy. you had wall street over here and then it went from economic frustration to politics. young men throughout the middle east-- rightly so-- ask for political reform. what happened in a lot of countries as young men and women aspire to political reform, those organized like the muslim brotherhood, sort of hijacked the movement so in certain countries when they went to the poll. >> jon: now how...
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. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing the time to talk to me. you are in the eighth year now, of the clinton global initiative. i would imagine all the world leaders you managed to amass here, there are a few topics of concentrated attention. probably right at the top of the list would be this simmering tension between israel and iran. now, i interviewed president ahmadinejad last night and he was adamant that he has no plan to build a nuclear weapon, that he has purely peaceful intention. clearly, most people here don't believe him. what is the smart thing for america to do right now, given the ratcheting up of the rh
. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing...
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the economy isn't growing except they have reduced the rate of growth in the economy to 1.2% so don't tell me his programs are working. >> hold on. [ all talking at once ] >> people know that. >> swing voters? how does he get the swing voters? >> i think there are more swing votes than eleanor thinks. if you look at romney's 47% remark, it hurt and persuaded people the wrong way. the key thing is not just saying the president has failed it's convincing people that romney's program is better. people don't believe that yet. >> he has not put out any credible program. he talks in platitudes, and because he is afraid of offending his base, he can't come out with a credible program because he can't say -- [ all talking at once ] >> he's got to put the word -- >> i want to hear pat. >> the word he's got to put out there, if you elect me, we have hope for a better time in the next four years than this guy can conceivably offer because of the mess he delivered -- >> you think that obama can put romney on the defensive? >> i don't think so. >> can romney put obama on the defensive? >> he'll ha
the economy isn't growing except they have reduced the rate of growth in the economy to 1.2% so don't tell me his programs are working. >> hold on. [ all talking at once ] >> people know that. >> swing voters? how does he get the swing voters? >> i think there are more swing votes than eleanor thinks. if you look at romney's 47% remark, it hurt and persuaded people the wrong way. the key thing is not just saying the president has failed it's convincing people that...
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this is a hiccup for the economy. different things have come together. just to give you one interesting statistic. and last seven years, the money supply h grown 600%. it is obvious that this is partly because of the subsidy reform, partly because of repatriation of the funds that have to keep money in the bank. we have had a pickup. throughout the past few decades. -- we have had hiccup periods through the past few decades. who will be the dominant force after this? if we have a situation where the more moderate forces gain the upper hand at the failure of the more hard-line forces, then there would be a rethinking in policy. >> that is a whole concept for another conversation. >> absolutely. >> the state of the economy in the u.s. is also in the spotlight. it is likely to be the focus of the first tv debate between the two candidates to monad. they are both wellware for the need to win the swing states. they are focusing on ohio where both candidates are speaking out to middle-class families. >> if at home with the shorts. a modern-day middle-class fam
this is a hiccup for the economy. different things have come together. just to give you one interesting statistic. and last seven years, the money supply h grown 600%. it is obvious that this is partly because of the subsidy reform, partly because of repatriation of the funds that have to keep money in the bank. we have had a pickup. throughout the past few decades. -- we have had hiccup periods through the past few decades. who will be the dominant force after this? if we have a situation...
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>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in recession. asia has slowed down. global growth is slower than most people anticipated at the beginning of the year. the question i think for the u.s. is twofold. it would be that the u.s. is a winner in that game where we get the flight to safety, lower interest rates here and we do well through that. or it could be that global growth drags down the u.s. and sends us into a slower growth environment or even recession. so i think we want to look at both of those possibilities. i would have wanted to see more data on that and see how that's unfolding before we took action. >
>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in...
WHUT (Howard University Television)
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Sep 27, 2012
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so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will come out ey-- i mean ce out of the risky zone. and you see italy, spain, it's important to look at each of our countries individually, and it is also important to see clearly that we are all part and parcel of a wider thing call the euro zone and the european union. and it's not enough-- it is imperative, but it's not enough that each of our countries puts its own house in order. we also need to have a better governance of the whole, not only of the parts. and this is happening month after month because the european union as a whole is improving, is now more aware than it was one year ago, say
so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will...
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(laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for that care. (laughter) >> jon: unless-- normally he would be in trouble unless that incumbent president is running against the guy who just appeared to suggest that we don't need to do a health care plan for uninsured americans because we have emergency rooms! (laughter) and, like, they're open all night. (laughter) they're, like, 7-elevens but-- (cheers and applause) now that-- what he just said is an amazing and unappealing to -lsy statement which on its own would perhaps level the field for the incumbent president but apparently leveling the field isn't good enough for massachusetts mitt "up until i was runn
(laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for...
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Sep 29, 2012
09/12
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Sep 29, 2012
09/12
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CNNW
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the iranian economy is in crisis and high inflation and money has been choked off by sanctions and many iranians are embarrassed. is he becoming irrelevant now that he is really a in the last nine months of his presidency? his leadership there? >> you know, deb, i think that's a good question. i think we as americans, we think iran and we think ahmadinejad. you know, it has always been the case that in the iranian system, it's not the president, it's the supreme leader who calls the shots. now, ahmadinejad over eight years has come, you know, risen and gone down and risen and gone down in terms of his power, but, you're right to say that he's a lame duck and they have a presidential election in june and he's down to his last, you know, little more than six months and beyond that, beyond that, within the last two years, he and his inner circle have come under increased pressure and even rumors he might be arrested or those around him arrested. his power has declined and it has always been about the supreme leader. i think he still has some residual influence because he's the president, b
the iranian economy is in crisis and high inflation and money has been choked off by sanctions and many iranians are embarrassed. is he becoming irrelevant now that he is really a in the last nine months of his presidency? his leadership there? >> you know, deb, i think that's a good question. i think we as americans, we think iran and we think ahmadinejad. you know, it has always been the case that in the iranian system, it's not the president, it's the supreme leader who calls the...
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the damage done to the economy could not be fully repaired in four years. and most of the debt that's been run up on his watch is a direct result of the economic collapse. first the recession that began in 2007 and the economic collapse that happened in 2008, which has driven tax revenues below 15% of income for the first time in 50 years and driven spending above 21% of income because so many people are on unemployment and food stamps and medicaid, medical assistance. if we had, when the economy recovers, a higher rate of growth, which it will in a year or so, what's going to happen is nothing happen. tax receipts go up 17%. spending will drop to under 21%. there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. b
the damage done to the economy could not be fully repaired in four years. and most of the debt that's been run up on his watch is a direct result of the economic collapse. first the recession that began in 2007 and the economic collapse that happened in 2008, which has driven tax revenues below 15% of income for the first time in 50 years and driven spending above 21% of income because so many people are on unemployment and food stamps and medicaid, medical assistance. if we had, when the...
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Oct 1, 2012
10/12
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our economy, our economy is an internal one it is dependent upon domestic production. about 10% at the most of our economy is dependent on foreign trade. it's not that all of the economy-- you see, the issue that i have is this. sometime, some people think that they own the world. they think that-- they think that the lives of the whole world is dependent upon them. they think that if they impose sanctions that people will die. it's not so. they are mistaken. iran is an advanced country. it's powerful. and it has an internal economy. we produce and we consume. >> so you say they have had no affect at all, these sanctions. your people are not hurting at all. >> i didn't say that. i didn't say that. are you changing what i said. i said after all, there are problems that come along with sanctions. but if one thinks that these sanctions can cause iran to surrender, they are mistaken. >> robert leffinson who you know about and you have been asked about before, is anything that could happen a trade or something that would allow him to come back to the united states. >> well,
our economy, our economy is an internal one it is dependent upon domestic production. about 10% at the most of our economy is dependent on foreign trade. it's not that all of the economy-- you see, the issue that i have is this. sometime, some people think that they own the world. they think that-- they think that the lives of the whole world is dependent upon them. they think that if they impose sanctions that people will die. it's not so. they are mistaken. iran is an advanced country. it's...